
Would You Disclose Buyers Name to Receiver? General Selling Form


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People also ask
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When a buyer's agent approaches a for sale by owner on behalf of the buyer/client, what disclosure is required?
A Buyer's agent approaches a for sale by owner on behalf of his client. What disclosure is required? Disclosure of the broker's relationship with the buyer. You need to disclose your brokerage relationship in writing before engaging in any activity which requires a brokerage license.
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Does a buyer's agent have to make his or her agency status known to the listing broker?
Since a buyer's agent CANNOT be the subagent of the listing broker and seller, any licensee acting as a buyer's agent must make their agency status known to the listing broker before showing the property. This is important in order to avoid any misperceptions or wrongful assumptions.
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Who is required to disclose all known material facts to a prospective buyer?
Disclosure of Material Facts Sellers and their agents are required to disclose all material facts concerning a home's condition. A fact is generally considered material when its disclosure would potentially impact a buyer's decision to purchase a property.
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Can buyers communicate with sellers?
While on the surface, it may seem like a good idea, it is fraught with issues. Simply put home sellers should avoid talking to home buyers directly to avoid misunderstandings and future liability. As much as a seller wants to talk to a homebuyer…. don't!
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When a selling agent must comply with agency disclosures to the buyer?
In most jurisdictions, the selling agent must comply with agency disclosures to the buyer before the buyer executes an offer. This is to ensure that all parties involved are aware of the agent's role and possible conflicts of interest prior to any property transaction being conducted.
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What is the term given to an agent who is acting as a buyer's and seller's agent in the same transaction?
Legally speaking, a dual agent is a real estate broker, or agents working for the same broker, who act on behalf of both the seller and the buyer in a transaction. A broker is permitted to act as a dual agent in California only if the buyer and seller are both aware of and consent to the dual agency.
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Do sellers see names on offers?
It's usually impossible to find out who offered to buy a house. The identity of this buyer's agent is usually privileged and the privacy laws forbid its disclosure to everyone. That is why most agents do not reveal it so as not to jeopardize the entire process.
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What should an agent disclose to his buyer client on Quizlet?
Agent must inform the client of all material facts that might affect the client's interest in the transaction. Includes facts that the agent knows and those that the agent should have known. rule came law in California in 1984 with the Easton V. Strassurger.
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